Providence commercial litigation counsel Steven Richard is quoted in this article focused on the results of a new study highlighting a new trend toward specialized
data breach insurance policies.
E-commerce companies, like all online businesses, need to pay close attention to cyber liability and
data breach insurance in addition to other policies.
Our cyber liability and
data breach insurance starts at just $ 250 per year for a pre-underwritten instant issue policy that provides $ 100,000 in protection against first - party damages as well as many third - party damages offering a fast and economical way to get protection in place.
Here are some example scenarios where a businesses could benefit from cyber liability or
data breach insurance:
They will sign a BAA and have
a data breach insurance policy.
In that event,
data breach insurance will help cover the damages.